Apply for a Loan Online in Singapore

To qualify for a personal loan in Singapore, you typically need to meet these basic criteria:

• Be aged 21 years or older
• Have a stable monthly income
• Be a Singapore Citizen, Permanent Resident, or a foreigner with a valid work pass

Most licensed money lenders do not require collateral. Credit checks may be conducted, but approval is often based on your current income and ability to repay, not just your credit score.

To apply for a personal loan with Horison Credit, you will need the following documents:

For Singaporeans / PRs:

• NRIC
• Latest 3 months’ payslips or bank statements

For Foreigners (with valid work pass):

• Passport and valid Employment Pass, S Pass or Work Permit
• Proof of address (e.g. utility bill or tenancy agreement)
• Latest 3 months’ payslips or salary credit bank statements

If you apply using Singpass, most of this information will be securely retrieved and submitted automatically. This will allow us to process your application faster and more efficiently. You’ll receive in-principle approval in minutes.

If you apply without Singpass, our loan officers will contact you to request these documents, and collect them when you visit our office for in-person verification. This may result in a longer application process.

No. Submitting your loan application through Horison Credit will not affect your credit score unless the loan is officially approved and disbursed.

Once your loan is approved, the information is submitted to the Moneylenders Credit Bureau (MLCB), as required by law, which keeps a record of:

• Your approved loan amount
• Repayment status and schedule
• Outstanding balances
• Any late or missed payments

These records are accessible to other licensed money lenders in Singapore and may be reviewed when you apply for future loans with them.

However, MLCB does not share data with banks or the Credit Bureau Singapore (CBS). So, banks will not see your licensed money lender records when evaluating loan applications.

You’ll receive in-principle approval in as fast as 1 hour, especially if you submit your application using Singpass MyInfo, which allows us to retrieve and verify your details instantly.

Full disbursement typically happens on the same day after your in-person verification at our office. So, you can access your funds without delay.

Yes, you can still apply as long as your current financial situation allows for responsible repayment. We will review your income, outstanding loans, and repayment ability before offering a suitable loan amount. Having existing loans doesn’t automatically disqualify you.

Yes. While you can apply online and receive in-principle approval, all borrowers are required to visit our office for in-person identity verification and contract signing before funds are disbursed. This is a legal requirement under the Ministry of Law.

Once we receive your application:

• You’ll get an in-principle approval (usually within 1 hour).
• Our loan officer will contact you to arrange a visit for verification.
• During your visit, we’ll review your documents and explain the terms.
• If everything checks out, you’ll sign the contract and receive your funds.

Yes, foreigners with a valid Work Permit, S Pass, or Employment Pass can apply online. Be ready to provide proof of employment, income, and residency. Using Singpass MyInfo (if eligible) can help speed up the process.

Yes, under Ministry of Law guidelines:

We assess all applications based on your income, job type, and ability to repay.